Nearly Half Of All Americans Embarking On New Beginnings This Year

BOSTON, March 31, 2015 /PRNewswire/ — Spring is in the air and that has a significant number of Americans planning a new beginning, according to research released today by Liberty Mutual Insurance. The Liberty Mutual Insurance New Beginnings Report, a national survey of 2,000 U.S. adults, found that 42 percent of Americans will make at least one major life change this year. Topping the list of new beginnings are homes and jobs, with 44 percent of Americans planning to move or undertake a home renovation this year and 22 percent in the market for a new job.

Americans say they spend more time researching a home purchase than any other major purchase with 73 percent ranking house hunting research for a new home number-one. This surpasses time spent conducting research in preparation for a new baby, vacation, car, laptop or tablet and 401K or other retirement savings. Almost a third (31 percent) of Americans will take on a home renovation this year with two-thirds getting started this spring. While home improvement projects vary in size and scope, one in five say they’ll spend $10,000 or more. Read more here.